LOOSEN: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
LOOSEN
Largest movements
- Tangible fixed assets -€46,761
down €46,761 (-42.7%), from €109,400 to €62,639
of which Plant, machinery and equipment: -€38,740
- Receivables within one year -€26,547
down €26,547 (-56.5%), from €46,945 to €20,398
of which Trade receivables: -€33,397
- Cash -€9,593
down €9,593 (-4.4%), from €215,906 to €206,313
mainly Other debts (-€88,378) and Investment in fixed assets (net) (-€15,250)
- Other debts -€88,378
down €88,378 (-19.5%), from €453,073 to €364,695
- Debts after one year -€14,243
down €14,243 (-13.3%), from €106,797 to €92,554
- Tax, wage and social debts +€10,943
new in 2025: €10,943
- Gross operating margin +€17,148
up €17,148 (+32.1%), from €53,483 to €70,631
- Depreciation +€13,396
up €13,396 (+27.6%), from €48,615 to €62,011
- Financial income -€4,402
down €4,402 (-97.5%), from €4,517 to €115
- Taxes +€2,075
up €2,075 (+153.1%), from €1,355 to €3,430
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €634,251 | €551,850 | -€82,401 | -13.0% |
| Fixed assets | 21/28 | €109,400 | €62,639 | -€46,761 | -42.7% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €109,400 | €62,639 | -€46,761 | -42.7% |
| Land and buildings | 22 | €14,314 | €6,293 | -€8,021 | -56.0% |
| Plant, machinery and equipment | 23 | €95,086 | €56,346 | -€38,740 | -40.7% |
| Current assets | 29/58 | €524,851 | €489,211 | -€35,640 | -6.8% |
| Stocks and contracts in progress | 3 | €262,000 | €262,500 | +€500 | +0.2% |
| Stocks | 30/36 | €262,000 | €262,500 | +€500 | +0.2% |
| Amounts receivable within one year | 40/41 | €46,945 | €20,398 | -€26,547 | -56.5% |
| Trade receivables | 40 | €36,457 | €3,060 | -€33,397 | -91.6% |
| Other amounts receivable | 41 | €10,488 | €17,338 | +€6,850 | +65.3% |
| Cash at bank and in hand | 54/58 | €215,906 | €206,313 | -€9,593 | -4.4% |
| Total equity and liabilities | 10/49 | €634,251 | €551,850 | -€82,401 | -13.0% |
| Equity | 10/15 | €59,286 | €63,294 | +€4,008 | +6.8% |
| Reserves | 13 | €33,876 | €37,884 | +€4,008 | +11.8% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €31,376 | €35,384 | +€4,008 | +12.8% |
| Profit (loss) carried forward | 14 | €25,410 | €25,410 | = | 0.0% |
| Amounts payable | 17/49 | €574,965 | €488,556 | -€86,409 | -15.0% |
| Amounts payable after more than one year | 17 | €106,797 | €92,554 | -€14,243 | -13.3% |
| Financial debts | 170/4 | €106,797 | €92,554 | -€14,243 | -13.3% |
| Amounts payable within one year | 42/48 | €468,168 | €396,002 | -€72,166 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €14,242 | €14,242 | = | 0.0% |
| Trade debts | 44 | €853 | €6,122 | +€5,269 | +617.7% |
| Suppliers | 440/4 | €853 | €6,122 | +€5,269 | +617.7% |
| Taxes, remuneration and social security | 45 | - | €10,943 | +€10,943 | |
| Taxes | 450/3 | - | €10,943 | +€10,943 | |
| Other amounts payable | 47/48 | €453,073 | €364,695 | -€88,378 | -19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,615 | €62,011 | +€13,396 | +27.6% |
| Other operating charges | 640/8 | €1,053 | €941 | -€112 | -10.6% |
| Gross operating margin | 9900 | €53,483 | €70,631 | +€17,148 | +32.1% |
| Operating profit (loss) | 9901 | €3,815 | €7,679 | +€3,864 | +101.3% |
| Financial income | 75/76B | €4,517 | €115 | -€4,402 | -97.5% |
| Recurring financial income | 75 | €4,517 | €115 | -€4,402 | -97.5% |
| Financial charges | 65/66B | €601 | €356 | -€245 | -40.8% |
| Recurring financial charges | 65 | €601 | €356 | -€245 | -40.8% |
| Profit (loss) for the period before taxes | 9903 | €7,731 | €7,438 | -€293 | -3.8% |
| Income taxes | 67/77 | €1,355 | €3,430 | +€2,075 | +153.1% |
| Profit (loss) for the period | 9904 | €6,376 | €4,008 | -€2,368 | -37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,376 | €4,008 | -€2,368 | -37.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.